November 7, 2022
Q & A – Director ID Numbers
It is now a requirement for all company directors to have a Director ID Number. With deadlines fast approaching, we sat down with Liz Reams, one of our Client Services…
October 18, 2022
Q & A – Single Touch Payroll
You may or may not have heard of Single Touch Payroll, or STP, which is an initiative that was introduced by the ATO a few years ago. The ATO is…
September 15, 2022
Acquiring collectibles inside your SMSF
Clients with self managed superannuation funds (SMSF) often ask what assets the SMSF can acquire. 'Why'? The golden rule for acquiring assets inside your SMSF is why? To be compliant,…
September 15, 2022
Tax reprieve for double taxation of Indian technical support
The tax system currently allows Australia to tax payments made by an Australian customer in relation to technical services provided by an Indian firm, even when the services are provided…
September 15, 2022
120% deduction for skills training and technology costs
The Government has reinvigorated the 120% skills training and technology costs deduction for small and medium business. An election ago, the 2022-23 Budget proposed a 120% tax deduction for expenditure…
September 15, 2022
How to sell your business
We’re often asked the best way to sell a business. There are two key components at play in the sale of a business: structuring the transaction; and positioning the business…
September 15, 2022
Register your .au domain!
23:59 UTC on 20 September 2022 is the cut-off to register for your .au direct domain. The .au domain is the new, general purpose, shorter Australian domain name option. If…
August 12, 2022
How high will rates go?
The RBA lifted the cash rate to 1.85% in early August 2022. The increase comes a few weeks after Reserve Bank Governor Philip Lowe told the Australian Strategic Business Forum…
August 12, 2022
Can I claim my Crypto losses?
The ATO has released updated information on claiming cryptocurrency losses and gains in your tax return. The first point to understand is that gains and losses from crypto are only…
August 12, 2022
FBT-free Electric Cars
New legislation introduced on 27 July is currently before Parliament, if enacted, will make zero or low emission vehicles FBT-free. We explore who can access the concession and how. Electric…
